VATupdate

Share this post on

IRD announces changes to GST Invoicing System

The new system, which will be enforced from April 1, 2023, will include changes to terminology, rules, and documentation requirements.

The use of tax invoices will be replaced by a more general requirement to provide and keep certain records known as ‘taxable supply information,’  and the customer will not be required to maintain a single physical document holding the taxable supply information, such as a tax invoice, credit note, and debit note.

Source: indiannewslink.co.nz

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner
  • VATupdate.com